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Five9, Inc. (NASDAQ:FIVN) Receives Consensus Rating of "Moderate Buy" from Analysts

Five9 logo with Computer and Technology background

Key Points

  • Five9, Inc. has received a consensus rating of "Moderate Buy" from analysts, with seventeen out of twenty-three brokerages recommending a buy on the stock.
  • The company's shares have recently dropped by 6.0%, opening at $24.28, significantly below its 12-month high of $49.90.
  • Five9 reported a 12.4% year-over-year revenue increase, with a quarter revenue of $283.27 million, surpassing analysts' expectations.
  • MarketBeat previews top five stocks to own in September.

Shares of Five9, Inc. (NASDAQ:FIVN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-three brokerages that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $41.14.

FIVN has been the subject of a number of research analyst reports. Barclays dropped their price objective on shares of Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. UBS Group reduced their price objective on Five9 from $55.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Piper Sandler dropped their target price on Five9 from $36.00 to $31.00 and set an "overweight" rating for the company in a research report on Monday, July 14th. Mizuho cut their target price on Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen raised shares of Five9 from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

Get Our Latest Research Report on FIVN

Five9 Stock Down 6.0%

Shares of NASDAQ FIVN opened at $24.28 on Friday. The business's fifty day moving average price is $27.42 and its 200-day moving average price is $30.05. Five9 has a one year low of $21.04 and a one year high of $49.90. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $1.85 billion, a PE ratio of 269.81, a P/E/G ratio of 2.46 and a beta of 1.17.

Five9 (NASDAQ:FIVN - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $0.76 EPS for the quarter, topping the consensus estimate of $0.65 by $0.11. Five9 had a return on equity of 9.27% and a net margin of 0.80%. The business had revenue of $283.27 million during the quarter, compared to analysts' expectations of $275.18 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm's revenue was up 12.4% on a year-over-year basis. On average, equities research analysts anticipate that Five9 will post 0.28 EPS for the current year.

Insider Transactions at Five9

In related news, CEO Michael Burkland sold 12,594 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $27.17, for a total transaction of $342,178.98. Following the completion of the transaction, the chief executive officer owned 391,462 shares of the company's stock, valued at $10,636,022.54. This trade represents a 3.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Leena Mansharamani sold 2,938 shares of Five9 stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $27.83, for a total value of $81,764.54. Following the completion of the transaction, the chief accounting officer directly owned 44,901 shares of the company's stock, valued at approximately $1,249,594.83. This represents a 6.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,866 shares of company stock worth $913,042. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Five9

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIVN. Sylebra Capital LLC lifted its stake in shares of Five9 by 59.4% in the 4th quarter. Sylebra Capital LLC now owns 3,745,778 shares of the software maker's stock worth $152,228,000 after purchasing an additional 1,396,496 shares during the period. Ameriprise Financial Inc. raised its holdings in Five9 by 14.8% during the first quarter. Ameriprise Financial Inc. now owns 2,749,505 shares of the software maker's stock valued at $74,649,000 after acquiring an additional 353,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Five9 by 292.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock valued at $72,745,000 after acquiring an additional 1,996,628 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Five9 by 14.2% in the first quarter. Van Berkom & Associates Inc. now owns 2,140,763 shares of the software maker's stock worth $58,122,000 after acquiring an additional 266,484 shares during the period. Finally, Armistice Capital LLC grew its position in shares of Five9 by 6.5% during the first quarter. Armistice Capital LLC now owns 2,098,000 shares of the software maker's stock worth $56,961,000 after purchasing an additional 127,793 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

About Five9

(Get Free Report

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.

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Analyst Recommendations for Five9 (NASDAQ:FIVN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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